Strong October Retail Sales Numbers
October sales at Walmart and Costco discounters looking great. Teen retailer also very strong in October. Early cold whether may have something to do with it. Despite the fear that the consumer is going to slow down and that’s what they are telling us. We have to watch what they actually do. That is they are still spending.
Greenspan speaking today at the Capital Hill today. He will unlikely to impact the markets as I expect nothing new to come from him.
Unemployment number may be the number to watch as we gauge how strong how strong the economy is especially for the business. Strong employment shows that the companies are doing well.
It's not when you buy. It's when you sell!
